The Central Bank of Iran (CBI) announced today that it will send legislature to the Majlis establishing a new national currency, tentatively named parsi, by eliminating four zeros from the current rial. Based on today’s foreign exchange rates, the parsi will be worth 87 cents (0.87 USD).

The deputy governor of CBI, Hossein Qazavi, told reporters in Tehran that parsi as the proposed name for the new currency was the choice of the majority of respondents in a nationwide poll that was conducted in the past 48 hours

Well, it looks like Pres. Obama has resolved the debt crisis, for now.
Iran's economy is a greater risk to implode first, given its current leadership.

Click to expand...

I agree the leadership is much more corrupt/inefficient in Iran than in the United States. However, Iran is not in debt. The US economy runs on credit...while pretty much everything in Iran is done via cash. So, as weird as it sounds, I would actually bet on the US imploding before Iran (at least economically)..politically, is a different matter.

Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.

It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 percent of their value in just two and a half weeks.

The mullahs will find a way to screw it up, as they have done with everything else.
Now, you can wear that "World's Largest Source of Natural Gas" t-shirt with pride!http://www.cafepress.com/ natural_gas_value_tshirt,80950086
[ame="http://www.youtube.com/watch?v=MYcEPvNylLw"] World's Largest Source of Natural Gas - YouTube[/ame]